Last week, the UK’s second largest construction company collapsed after losing money on major contracts and running up huge debts of around £1.5 billion.

Carillion went into liquidation on 15 January after rescue talks with its lenders and the government failed to reach a deal.

Lee Ranford, Thomas Bond and Hannah Edwards appear in Accountancy Age on how businesses can avoid the domino effect that could hit Carillion’s creditors. 

How to avoid a Carillion collapse is available to read on the Accountancy Age website. 

Lee is a partner and head of the insolvency team. He specialises in insolvency and restructuring, as well as commercial litigation. His insolvency work covers all aspects of personal and corporate insolvency, in advising insolvency practitioners, companies, directors, creditors and debtors on restructuring and recovery options.

Thomas is an associate solicitor in the insolvency litigation team. He acts for insolvency practitioners, company directors and creditors to tackle issues arising before, during and after events of insolvency.

Hannah is an associate solicitor in the insolvency team and specialises in insolvency and restructuring and her insolvency work covers all aspects of personal and corporate insolvency, in advising insolvency practitioners, companies, directors, creditors and debtors on restructuring and recovery options.